A 2023 global survey asked payments leaders about the most significant challenges faced by the travel industry. Overall, the cost of payments ranked as the greatest challenge for the travel market, as indicated by 55 percent of respondents. Meanwhile, 53 percent of the sample mentioned cybersecurity and fraud.
Main challenges in the travel industry according to payments leaders worldwide as of 4th quarter 2023
senior payments leaders from airlines, travel agencies, and hospitality companies
Method of interview
Online survey
Supplementary notes
The survey respondents were from the following countries: Brazil, China, France, Germany, India, Mexico, South Korea, United Arab Emirates, the United Kingdom, and the United States.
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Outpayce. (May 12, 2024). Main challenges in the travel industry according to payments leaders worldwide as of 4th quarter 2023 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1485120/challenges-travel-payments-worldwide/
Outpayce. "Main challenges in the travel industry according to payments leaders worldwide as of 4th quarter 2023." Chart. May 12, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1485120/challenges-travel-payments-worldwide/
Outpayce. (2024). Main challenges in the travel industry according to payments leaders worldwide as of 4th quarter 2023. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1485120/challenges-travel-payments-worldwide/
Outpayce. "Main Challenges in The Travel Industry According to Payments Leaders Worldwide as of 4th Quarter 2023." Statista, Statista Inc., 12 May 2024, https://www.statista.com/statistics/1485120/challenges-travel-payments-worldwide/
Outpayce, Main challenges in the travel industry according to payments leaders worldwide as of 4th quarter 2023 Statista, https://www.statista.com/statistics/1485120/challenges-travel-payments-worldwide/ (last visited November 23, 2024)
Main challenges in the travel industry according to payments leaders worldwide as of 4th quarter 2023 [Graph], Outpayce, May 12, 2024. [Online]. Available: https://www.statista.com/statistics/1485120/challenges-travel-payments-worldwide/
